Gevo (NASDAQ:GEVO) Shares Down 5.8% – Time to Sell?

Shares of Gevo, Inc. (NASDAQ:GEVO) fell 5.8% during mid-day trading on Wednesday . The company traded as low as $2.27 and last traded at $2.29. 2,484,920 shares were traded during mid-day trading, a decline of 84% from the average session volume of 15,364,339 shares. The stock had previously closed at $2.43.

Analyst Ratings Changes

GEVO has been the subject of a number of analyst reports. UBS Group boosted their price target on Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. HC Wainwright restated a “buy” rating and set a $14.00 price objective on shares of Gevo in a research note on Wednesday, November 13th.

Gevo Price Performance

The company has a 50 day moving average of $1.76 and a two-hundred day moving average of $1.37. The firm has a market cap of $541.06 million, a P/E ratio of -6.65 and a beta of 2.77. The company has a quick ratio of 8.05, a current ratio of 8.25 and a debt-to-equity ratio of 0.13.

Insider Transactions at Gevo

In other Gevo news, insider Andrew Shafer sold 26,911 shares of Gevo stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $2.37, for a total transaction of $63,779.07. Following the transaction, the insider now owns 332,430 shares of the company’s stock, valued at $787,859.10. The trade was a 7.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Paul D. Bloom sold 16,000 shares of the stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $3.06, for a total transaction of $48,960.00. Following the completion of the sale, the insider now directly owns 947,882 shares of the company’s stock, valued at $2,900,518.92. This trade represents a 1.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Gevo

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lauterbach Financial Advisors LLC bought a new stake in shares of Gevo in the 3rd quarter valued at approximately $29,000. International Assets Investment Management LLC bought a new stake in Gevo in the fourth quarter worth approximately $59,000. Financial Advocates Investment Management acquired a new position in shares of Gevo during the 3rd quarter worth $114,000. Alternative Investment Advisors LLC. bought a new position in shares of Gevo during the 2nd quarter valued at $51,000. Finally, Point72 DIFC Ltd bought a new position in shares of Gevo during the 2nd quarter valued at $64,000. Hedge funds and other institutional investors own 35.17% of the company’s stock.

About Gevo

Gevo, Inc operates as a carbon abatement company. It operates through three segments: Gevo, Agri-Energy, and Renewable Natural Gas. The company focuses on transforming renewable energy into energy-dense liquid hydrocarbons that can be used as renewable fuels. It offers renewable gasoline and diesel, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, ethanol, and animal feed and protein.